A fintech company transitioning to a fully licensed digital bank through the acquisition of Bank Zero.
South Africa’s banks have become the exit ramp for its fintechs
Nedbank acquired payments fintech iKhokha for R1.65 billion. Capitec has purchased WalletDoc.
Pepkor builds R21-billion fintech giant – and plans to list it
Pepkor is merging its Flash business with Shop2Shop to create a fintech platform valued at R21.3-billion. The new entity, 'FintechCo', will have a 57.1% controlling stake from Pepkor and aims to process over R200-billion annually.
South Africa’s Lesaka hits first profit since 2022 despite merchant slowdown
Lesaka Technologies reported a net profit of R61 million in Q2 2026, a significant improvement from a loss of R589 million a year earlier. Revenue from Lesaka's merchant unit fell by 13% year-on-year to R2.26 billion, despite an 8% growth in the merchant base.
The Africa Tech Ecosystem in November 2025: Record Exits, Cautionary Tales
Optasia, a global leader in AI-powered fintech, went public on the Johannesburg Stock Exchange (JSE) in November 2025. Cell C, a South African mobile operator, also completed its IPO on the JSE, marking two IPOs in one month.
Kazang Partners with SA Digital Bank to Boost Accessible Financing to Licensed Taverns
Kazang partners with TymeBank to provide working capital advances to taverns. Merchants can access fast funding with no paperwork or hidden fees.
